> l \pThe Free Software Foundation B=PF0*8X@"1 Helvetica1Courier1Courier New1Courier New1 Helvetica$#,##0_);($#,##0)$#,##0_);[Red]($#,##0)$#,##0.00_);($#,##0.00)$#,##0.00_);[Red]($#,##0.00)**_($* #,##0_);_($* (#,##0);_($* ""_);_(@_)*)'_(* #,##0_);_(* (#,##0);_(* ""_);_(@_)5,2_($* #,##0.00_);_($* (#,##0.00);_($* ""??_);_(@_)2+/_(* #,##0.00_);_(* (#,##0.00);_(* ""??_);_(@_)2$#,##0.00;[Red]$#,##0.003$#,##0.00;[Red]($#,##0.00)4$#,##0;[Red]($#,##00)50.00%;[Red](0.00%)60%;[Red](0%)7#,##0.00;[Red](#,##0.00)8#,##0;[Red](#,##0) + ) , * Ј ~~ ؈ ~~#؈ ~~ ؈ ~~8#܈ ~~<#܈ ~~3#܈ ~~7#܈ ~~4#܈ ~~83ffff̙̙3f3fff3f3f33333f33The Kraft Heinz Company &,Securities registered pursuant @Table of Contents'cTable of Conten (1)%~1Net Sales by Product Category&zTrademarks and Intellectual Pro+4Executive OfficersItem 2 Properties&Item 5 Market for Registrants C&4Comparison of Cumulative Total &X18Issuer Purchases of Equity Se e%19Selected Financial Data
OSummary of Resultsk Net Salesw
Net IncomeDiluted EPS&Year Ended December 31 2016 com&@Year Ended January 3 2016 compa/
Net Sales (1)27Pro Forma Net Sales5Organic Net SalesPOrganic Net Sal (1)wv28Adjusted EBITDAr
United States
Canada30Europe=
Rest of World#Postemployment Benefit Plans"!Postemployment Benefit (1)&9Aggregate Contractual Obligatio&cTSupplemental Unaudited Pro Form"sSupplemental Unaudited (1)"dSupplemental Unaudited (2)"WSupplemental Unaudited (3)!VNonGAAP Financial MeasuresNonGAAP Financial (1)
NonGAAP Financial (2)@NonGAAP Financial (3)\NonGAAP Financial (4)NonGAAP Financial (5)&Effect of Hypothetical 10 Fluct&Report of Independent Registere!Report of Independent (1)!MReport of Independent (2)!FReport of Independent (3)!i]Report of Independent (4)!gReport of Independent (5) Transaction Overview&62Valuation Assumptions and Pur#"62Valuation Assumptions (1)Pro Forma Results64Integration ProgramBRestructuring Activities&265Total Integration and Restruc#L65Total Integration and (1)eNote 4 Inventories&{Note 5 Property Plant and EquipGoodwill&Indefinitelived intangible asse&5Definitelived intangible assets'68Note 7 Income TaxesW68Note 7 Income (1)68Note 7 Income (2)168Note 7 Income (3)M
Stock OptionsfStock Options (1){Stock Options (2)eStock Options (3)
73RSUsTotal Equity Awards$Obligations and Funded Status"Obligations and Funded (1)"Obligations and Funded (2)"61Obligations and Funded (3)"HObligations and Funded (4)&?_Components of Net Pension CostB%wComponents of Net Pension (1)@Plan AssetsݶPlan Assets (1)]Plan Assets (2)Plan Assets (3) Plan Assets (4)5) Future Benefit PaymentsU? Obligations6Y Obligations (1)yn Obligations (2)&Q Components of Net Postretiremen Components of Net (1) ȳ 81Future Benefit Payments&6 Accumulated Other Comprehensive Accumulated Other (1)&
82Note 10 Accumulated Other Com!46
82Note 10 Accumulated (1)![
82Note 10 Accumulated (2){
LongTerm Debt
LongTerm Debt (1)
Common Stock0
Derivative Volume&y
Fair Value of Derivative Instru$
Fair Value of Derivative (1);.Net Investment Hedging&D91Derivative Impact on the Stat"y91Derivative Impact on (1)O 94Leases Purchase Obligations#95Note 17 Earnings Per Share xNote 18 Segment ReportingNote 18 Segment (1)#Note 18 Segment (2)<Note 18 Segment (3)UConcentration of riskrConcentration of (1){Concentration of (2)&Note 19 Quarterly Financial DatNote 19 Quarterly (1)&Note 20 Supplemental Financial Note 20 Supplemental (1) %
Note 20 Supplemental (2) K
Note 20 Supplemental (3)
Note 20 Supplemental (4)
Note 20 Supplemental (5)
Note 20 Supplemental (6) 12Note 20 Supplemental (7)&i\Equity Compensation Plan Inform&7uItem 15 Exhibits and Financial ԍItem 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)h4List of Subsidi (3)
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??!Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }6}$ }+
Kraft Heinz Co10K
02/23/2017The Kraft Heinz Company
Delaware
4620781825(State or other jurisdiction of incorporation,$(I.R.S. Employer Identification No.)or organization)/
'One PPG Place, Pittsburgh, Pennsylvania
~
0((Address of Principal Executive Offices)
(Zip Code)$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/,fyma=v)=PF0*8X>
@
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }6}!}$
Kraft Heinz Co10K
02/23/2017C;Securities registered pursuant to section 12(g) of the Act: !
Large accelerated filer x
Accelerated filer o
Nonaccelerated filer o#Smaller reporting company o5(Do not check if a smaller reporting company)
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/&@maUI=s:.=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }I;}
F
Kraft Heinz Co10K
02/23/2017Table of Contents
PART I~
Item 1. Business.~
Item 1A. Risk Factors.~
+
#Item 1B. Unresolved Staff Comments.~
FItem 2. Properties.~
F"Item 3. Legal Proceedings.~
F( Item 4. Mine Safety Disclosures.~
FPART II~
J.&Item 5. Market for Registrant?s Common~
J/'Equity, Related Stockholder Matters and.&Issuer Purchases of Equity Securities.( Item 6. Selected Financial Data.~
N4,Item 7. Management?s Discussion and Analysis~
V91of Financial Condition and Results of Operations.Overview~
V*"Consolidated Results of Operations~
Z( Results of Operations by Segment~
n$Critical Accounting Policies~
%New Accounting Pronouncements~
Contingencies~
Commodity Trends~
'Liquidity and Capital Resources~
DlsgO/j6h6yWtM !"#$%&'()*+,./0123456789:;<=>?4 ,OffBalance Sheet Arrangements and Aggregate~
!Contractual Obligations"Equity and Dividends~
"2#*Supplemental Unaudited Pro Forma Condensed~
#&$Combined Financial Information#%NonGAAP Financial Measures~
%&%Item 7A. Quantitative and Qualitative~
&&'Disclosures About Market Risk.6(.Item 8. Financial Statements and Supplementary~
(
)Data./*'Report of Independent Registered Public~
*+Accounting Firm),!Consolidated Statements of Income~
,0(Consolidated Statements of Comprehensive~
.Income#/Consolidated Balance Sheets~
/(0 Consolidated Statement of Equity~
01%Consolidated Statements of Cash Flows~
122*Notes to Consolidated Financial Statements~
243,Note 1. Background and Basis of Presentation~
3&4Note 2. Merger and Acquisition~
45%Note 3. Integration and Restructuring~
56Expenses7Note 4. Inventories~
7
8%Note 5. Property, Plant and Equipment~
8
.9&Note 6. Goodwill and Intangible Assets~
9:Note 7. Income Taxes~
:0;(Note 8. Employee?s Stock Incentive Plans~
;"'<Note 9. Postemployment Benefits~
<*0=(Note 10. Accumulated Other Comprehensive~
=N>Income/(Losses)?
Note 11. Debt~
?VD li%]m+k'jV):@ABCDE@Note 12. Capital Stock~
@^AB$C____________________________1D)Created by Morningstar Document Research.0E(http://documentresearch.morningstar.com/Qd=PF0*8X>
@EEDDCC
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of Contents 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }6}$
.
Kraft Heinz Co10K
02/23/2017Table of Contents '
Note 13. Financing Arrangements~
b&Note 14. Financial Instruments~
f1)Note 15. Venezuela  Foreign Currency and~
v
Inflation.&Note 16. Commitments and Contingencies~
z#Note 17. Earnings Per Share~
"Note 18. Segment Reporting~
5Note 19. Quarterly Financial Data (Unaudited)~
3+Note 20. Supplemental Financial Information~
1)Item 9. Changes in and Disagreements with~
/'Accountants on Accounting and FinancialDisclosure.)!Item 9A. Controls and Procedures.~
#Item 9B. Other Information.~
PART III~
.&Item 10. Directors, Executive Officers~
!and Corporate Governance.( Item 11. Executive Compensation.~
.&Item 12. Security Ownership of Certain~
4,Beneficial Owners and Management and RelatedStockholder Matters.2*Item 13. Certain Relationships and Related~
DlsgOFQT2S !"#$%&'()*+,0 (Transactions, and Director Independence..!&Item 14. Principal Accountant Fees and~
!" Services.#PART IV~
#1$)Item 15. Exhibits and Financial Statement~
$%
Schedules.#&Item 16. Form 10K Summary.~
&'
Signatures~
')(!Valuation and Qualifying Accounts~
()*$+____________________________1,)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/ XwVi]Q)=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1)!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }}$}$}$ }$}$}$ }$}$
Kraft Heinz Co10K
02/23/2017&1Net Sales by Product Category
December 31,
January 3,
December 28,~
~
~
z
(52 weeks)
(53 weeks)
(52 weeks)
Condiments and sauces~
j
%
~
%
~
%Cheese and dairy~
V %~
> % ? %
Ambient meals~
& %~
* %~
: % Frozen and chilled meals~
" %~
2 %~
J %Meats and seafood~
* %~
" %~
%Infant and nutrition~
%~
%~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }m}$ }7
Kraft Heinz Co10K
02/23/2017,$Trademarks and Intellectual Property
.
&Majority Owned and Licensed Trademarks
United States6.Kraft, Oscar Mayer, Heinz, Planters, Velveeta,0(Philadelphia, Lunchables, Maxwell House,

%Capri Sun*, OreIda, KoolAid, JellOCanada3+Kraft, Heinz, Cracker Barrel, Philadelphia,%Maxwell House, P?Tit Cheese, Tassimo*Europe%Heinz, Plasmon, Pudliszki, Honig, HP,#Benedicta, Weight Watchers*
Rest of World1)Heinz, ABC, Master, Quero, Golden Circle,*"Wattie's, Kraft, Complan, Glucon D$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/6wxl`T0;Tl&=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual ProItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }}$ }}$ }6
Kraft Heinz Co10K
02/23/20174Executive Officers
Name
Age
Title
Bernardo Hees~
Chief Executive Officer
Paulo Basilio~
4,Executive Vice President and Chief Financial
Officer
Emin Mammadov~
%President, Global FoodserviceRaphael Oliveira~
Zone President of EuropeEduardo Pelleissone~
5Executive Vice President of Global OperationsCarlos Piani~
Zone President of CanadaMarcos Romaneiro~
Zone President of AMEAFrancisco Sa~
'Zone President of Latin AmericaJames Savina~
%Senior Vice President, Global General'Counsel and Corporate Secretary
George Zoghbi~
2*Chief Operating Officer of U.S. Commercialbusiness$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/>& 0}qe)]yJ=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive Officers!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }m}$ }}$ }
Kraft Heinz Co10K
02/23/2017Item 2. Properties.
Owned
Leased
United States~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }a}$ }}$ }}$
Kraft Heinz Co10K
02/23/2017jbItem 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of
2016 Quarters
2015 Quarters
FirstSecond
Third
Fourth
FirstSecond
ThirdFourthMarket pricehigh
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }0}}$ }I }$ }m)
Kraft Heinz Co10K
02/23/2017%Comparison of Cumulative Total Return
Kraft Heinz
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }a/}$ }
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Kraft Heinz Co10K
02/23/2017_W18Issuer Purchases of Equity Securities During the Three Months Ended December 31, 2016
Total Number
Average Price
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }U5}$
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Kraft Heinz Co10K
02/23/2017"19Selected Financial Data:
Successor
Predecessor
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January 3, December 28,&
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Kraft Heinz Co10K
02/23/2017Summary of Results:
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30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Kraft Heinz Co10K
02/23/2017
Net Sales:
December 31,
January 3,
% Change
January 3,
December 28,
% Change~
~
~
~
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(52 weeks)
(53 weeks)
(53 weeks)
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Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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Kraft Heinz Co10K
02/23/2017Net Income:
December 31,
January 3,
% Change
January 3,
December 28,
% Change~
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(53 weeks)
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30Europe
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
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Kraft Heinz Co10K
02/23/2017Diluted EPS:
December 31,
January 3,
% Change
January 3,
December 28,
% Change~
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~
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(52 weeks)
(53 weeks)
(53 weeks)
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Net Income
Diluted EPS!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
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30Europe
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }7}$ }
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Kraft Heinz Co10K
02/23/2017PHYear Ended December 31, 2016 compared to the Year Ended January 3, 2016:
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30Europe
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Kraft Heinz Co10K
02/23/2017PHYear Ended January 3, 2016 compared to the Year Ended December 28, 2014:
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Kraft Heinz Co10K
02/23/2017
Net Sales:
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(in millions)
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Kraft Heinz Co10K
02/23/201727Pro Forma Net Sales:
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
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30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
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02/23/2017Organic Net Sales:
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30Europe
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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Kraft Heinz Co10K
02/23/2017%Postemployment Benefit Plans:
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30Europe
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Kraft Heinz Co10K
02/23/2017%Postemployment Benefit Plans:
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Kraft Heinz Co10K
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
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30Europe
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }I;}$
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Kraft Heinz Co10K
02/23/2017QISupplemental Unaudited Pro Forma Condensed Combined Financial Information
January 3, 2016
December 28, 2014 Net sales~
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~
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
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United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Kraft Heinz Co10K
02/23/2017QISupplemental Unaudited Pro Forma Condensed Combined Financial Information
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United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
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Kraft Heinz Co10K
02/23/2017QISupplemental Unaudited Pro Forma Condensed Combined Financial Information
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January 3,
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Kraft Heinz Co10K
02/23/2017?7Report of Independent Registered Public Accounting Firm
December 31,
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30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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Kraft Heinz Co10K
02/23/2017?7Report of Independent Registered Public Accounting Firm
December 31,
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30Europe
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Kraft Heinz Co10K
02/23/2017?7Report of Independent Registered Public Accounting Firm
December 31, 2016
January 3, 2016ASSETS!Cash and cash equivalents~
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02/23/2017?7Report of Independent Registered Public Accounting Firm
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }'}$
Kraft Heinz Co10K
02/23/2017?7Report of Independent Registered Public Accounting Firm
December 31,
January 3,
December 28,~
~
~
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(52 weeks)
(53 weeks)
(52 weeks)(
Cash paid during the period for:
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~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }2}$
Kraft Heinz Co10K
02/23/2017Transaction Overview: 2
*Aggregate fair value of Kraft common stock~
.&$16.50 per share special cash dividend~
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%
Total consideration exchanged~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/*h{oc3J=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }1}$
#
Kraft Heinz Co10K
02/23/2017>662Valuation Assumptions and Purchase Price Allocation:
Cash~
Other current assets~
~5%Property, plant and equipment~
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Identifiable intangible assets~
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Z Trade and other payables~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and PurPro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
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ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Kraft Heinz Co10K
02/23/2017>662Valuation Assumptions and Purchase Price Allocation:
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }}$
Kraft Heinz Co10K
02/23/2017Pro Forma Results:
For the Year EndedJanuary 3, 2016December 28, 2014,$(in millions, except per share data)
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Kraft Heinz Co10K
02/23/201764Integration Program:
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Net Income
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Kraft Heinz Co10K
02/23/2017.&65Total Integration and Restructuring:
December 31,
January 3,
December 28,~
~
~
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&Severance and employee benefit costs ~
~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
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Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
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ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
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Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)!Note 5 Property Plant and Equip
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ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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02/23/2017Note 4. Inventories
December 31, 2016
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Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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02/23/2017%Note 5. Property, Plant and Equipment
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
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02/23/201768Note 7. Income Taxes
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LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }2} }$}$ } }$}$ } }$
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02/23/201768Note 7. Income Taxes
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Kraft Heinz Co10K
02/23/201768Note 7. Income Taxes
December 31, 2016
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Kraft Heinz Co10K
02/23/201768Note 7. Income Taxes
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02/23/2017Stock Options:
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02/23/2017Stock Options:
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02/23/201773RSUs:
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }!}$
Kraft Heinz Co10K
02/23/2017Total Equity Awards:
December 31,
January 3,
December 28,~
~
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z
(52 weeks)
(53 weeks)
(52 weeks)!
Pretax compensation cost~
~
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Tax benefit~
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$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/.,pdj+! =PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }1}$
+
Kraft Heinz Co10K
02/23/2017&Obligations and Funded Status:
U.S. Plans
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }0}$
Kraft Heinz Co10K
02/23/2017&Obligations and Funded Status:
December 31, 2016
January 3, 2016'Other assets (longterm assets)~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }$}$
Kraft Heinz Co10K
02/23/2017&Obligations and Funded Status:
U.S. Plans
NonU.S. PlansDecember 31, 2016January 3, 2016 December 31, 2016
January 3, 2016$Projected benefit obligation~
V9~
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }$}$
Kraft Heinz Co10K
02/23/2017&Obligations and Funded Status:
U.S. Plans
NonU.S. PlansDecember 31, 2016January 3, 2016 December 31, 2016
January 3, 2016$Projected benefit obligation~
V9~
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }y#}U}$}$ }U}$}$ }U}$} $ }
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Kraft Heinz Co10K
02/23/2017&Obligations and Funded Status:
U.S. Plans
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United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
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Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4) Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }$4}$
Kraft Heinz Co10K
02/23/20171)Components of Net Pension Cost/(Benefit):
U.S. Plans
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January 3, December 28,
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
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United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }0.}U}$}$ }U}$}$ }U}$} $ }
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Kraft Heinz Co10K
02/23/20171)Components of Net Pension Cost/(Benefit):
U.S. Plans
NonU.S. PlansDecember 31,
January 3,December 28,
December 31,
January 3,December 28,~
~
~
z ~
~
~
z
(52 weeks)
(53 weeks)
(52 weeks)
(52 weeks)
(53 weeks)
(52 weeks)$Discount rate  Service Cost@ %@ %333333@ %
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@ %@ %%Discount rate  Interest Cost@ %@ %333333@ %
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@ %@ %.&Expected rate of return on plan assets@ %ffffff@ %@ %
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@ %ffffff@ %%Rate of compensation increaseffffff@ %~
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)Plan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }!}$}$}$ }$}$}$ }$}$} $ }
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Kraft Heinz Co10K
02/23/2017Plan Assets:
U.S. Plans
NonU.S. PlansDecember 31, 2016January 3, 2016December 31, 2016
January 3, 2016Fixedincome securities~
%~
%~
% ~
%
Equity securities~
z
%
~
n
%
~
~
%
~
~
%Real estate ? %~
%~
% ~
& %!Cash and cash equivalents~
%~
%~
" % ~
%#Certain insurance contracts ? %~
%~
% ~
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Total~
%~
%~
% ~
%$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/2xlA9=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }1}$
Kraft Heinz Co10K
02/23/2017Plan Assets:
Asset Category
Total Fair Value
5
Quoted Prices in Active Markets for Identical
+
#Significant Other Observable Inputs
'
Significant Unobservable InputsAssets (Level 2)
(Level 3) (Level 1)
Government bonds~
~
j
~
*
$?
.&Corporate bonds and other fixedincome~
". ?~
".
?
securities%Total fixedincome securities~
5~
j~
J/
?Equity securities~
~
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?Real estate~
? ?~
!Cash and cash equivalents~
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~~
J
?#Certain insurance contracts~
? ?~
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at net asset value/'Investments measured at net asset value~
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Total fair value~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@Dxl/6zd hF( =PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }1}$
Kraft Heinz Co10K
02/23/2017Plan Assets:
Asset Category
Total Fair Value
5
Quoted Prices in Active Markets for Identical
+
#Significant Other Observable Inputs
'
Significant Unobservable InputsAssets (Level 2)
(Level 3) (Level 1)
Government bonds~
~
~
~
$?
$?
.&Corporate bonds and other fixedincome~
. ?~
.
?
securities%Total fixedincome securities~
F9~
~
~
.
?Equity securities~
~
?~
Real estate~
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!Cash and cash equivalents~
R~
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?#Certain insurance contracts~
? ?~
1)Fair value excluding investments measured~
H~
~
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6at net asset value/'Investments measured at net asset value~
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Total fair value~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/@Dxl/6zdgE'=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }!}$
Kraft Heinz Co10K
02/23/2017Plan Assets:
Asset Category
January 3, 2016
Net Realized Gain/(Loss)
"
Net Unrealized Gain/(Loss)
0
(Net Purchases, Issuances and Settlements
'
Transfers Into/(Out of) Level 3
December 31, 2016Equity securities~
$?
$?~
$?
$?Real estate~
~
~
n~
?~
#
Certain insurance contracts~
?
~
6
~
>
~
~
!Total Level 3 investments~
6~
~
~
~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/, xlL 247+=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }!}$
Kraft Heinz Co10K
02/23/2017Plan Assets:
Asset Category
December 28, 2014
2015 Merger
Net Realized Gain/(Loss)
"
Net Unrealized Gain/(Loss)
0
(Net Purchases, Issuances and Settlements
'
Transfers Into/(Out of) Level 3
January 3, 2016Equity securities
$?~
$?
$?
$?
$?~
Real estate~
?~
~
.~
~
~
#
Certain insurance contracts~
~
~
2
~
~
?
~
!Total Level 3 investments~
~
~
B~
~
~
~
6$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/, xloL@4=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }}$
Kraft Heinz Co10K
02/23/2017 Future Benefit Payments:
U.S. Plans
NonU.S. Plans~
~
~
2~
~
~
j~
~
~
~
~
~
~
~
*~
20222026~
~
$____________________________1)Created by Morningstar Document Research.0(http://documentresearch.morningstar.com/0xl`j2=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit PaymentsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }2}$
Kraft Heinz Co10K
02/23/2017Obligations:
December 31, 2016
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
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30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }a/}U}$}$ }U}$
Kraft Heinz Co10K
02/23/2017Obligations:
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Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
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ObligationsObligations (1)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Kraft Heinz Co10K
02/23/2017Obligations:
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30Europe
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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ObligationsObligations (1)Obligations (2)Components of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Kraft Heinz Co10K
02/23/201780Components of Net Postretirement Cost/(Benefit):
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ObligationsObligations (1)Obligations (2)!Components of Net Postretiremen81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }y#}U}$}$ }U}$}$ }U}$
Kraft Heinz Co10K
02/23/201780Components of Net Postretirement Cost/(Benefit):
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30Europe
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Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
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Kraft Heinz Co10K
02/23/201780Accumulated Other Comprehensive Income/(Losses):
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02/23/201780Accumulated Other Comprehensive Income/(Losses):
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Kraft Heinz Co10K
02/23/2017LongTerm Debt:
Priority 1
Maturity Dates
Interest Rates 2
Carrying ValuesDecember 31, 2016January 3, 2016
(in millions)
U.S. dollar notes:
2025 Notes (a)Senior Secured NotesFebruary 15, 20254.875%~
~
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Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
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ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Kraft Heinz Co10K
02/23/2017Derivative Volume:
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Kraft Heinz Co10K
02/23/2017%Fair Value of Derivative Instruments:
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02/23/2017%Fair Value of Derivative Instruments:
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02/23/2017Net Investment Hedging:
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Kraft Heinz Co10K
02/23/2017Purchase Obligations: ~
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Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
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LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase ObligationsNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }0}$
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02/23/2017%95Note 17. Earnings Per Share
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02/23/2017"Note 18. Segment Reporting
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Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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Kraft Heinz Co10K
02/23/2017"Note 18. Segment Reporting
December 31,
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Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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02/23/2017"Note 18. Segment Reporting
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Kraft Heinz Co10K
02/23/2017Concentration of risk:
December 31,
January 3,
December 28,~
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(52 weeks)
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Condiments and sauces~
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Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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Kraft Heinz Co10K
02/23/2017Concentration of risk:
December 31,
January 3,
December 28,~
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30Europe
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Kraft Heinz Co10K
02/23/2017Concentration of risk:
December 31, 2016
January 3, 2016Longlived assets:
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30Europe
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Kraft Heinz Co10K
02/23/20175Note 19. Quarterly Financial Data (Unaudited)
2016 Quarters
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Kraft Heinz Co10K
02/23/20175Note 19. Quarterly Financial Data (Unaudited)
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Kraft Heinz Co10K
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Kraft Heinz Co10K
02/23/20173+Note 20. Supplemental Financial Information
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LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)List of Subsidi (3)U }0.}}$ }} $
Kraft Heinz Co10K
02/23/2017,$Equity Compensation Plan Information
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30Europe
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ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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Kraft Heinz Co10K
02/23/2017<4Item 15. Exhibits and Financial Statement Schedules.
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30Europe
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Kraft Heinz Co10K
02/23/2017<4Item 15. Exhibits and Financial Statement Schedules.
Alexandre Behring*
Chairman of the BoardJohn T. Cahill*"Vice Chairman of the Board
Gregory E. Abel*DirectorWarren E. Buffett*DirectorTracy Britt Cool*DirectorFeroz Dewan*DirectorJeanne P. Jackson*DirectorJorge Paulo Lemann*DirectorMackey J. McDonald*Director
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30Europe
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Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
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02/23/2017AttorneyInFact
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30Europe
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Kraft Heinz Co10K
02/23/2017List of Subsidiaries
Subsidiary
State or Country*"Alimentos Heinz de Costa Rica S.A.
Costa RicaAlimentos Heinz, C.A. Venezuela!
Asian Restaurants Limited
United Kingdom Battery Properties, Inc.DelawareBoca Foods CompanyDelaware%Cairo Food Industries, S.A.E.
EgyptCapri Sun, Inc.DelawareCarlton Bridge LimitedUnited KingdomChurny Company, Inc.Delaware,$Comercializadora Heinz de Panama SCAPanama( Country Ford Development Limited
China&Delimex de Mexico S.A. de C.V.Mexico"Delta Incorporated LimitedBritish Virgin IslandsDevour Foods LLCDelaware)!Distribuidora Heinz Caracas, C.A. Venezuela+#Distribuidora Heinz Maracaibo, C.A. VenezuelaFall Ridge Partners LLPUnited Kingdom,$Foodstar (China) Investments Company
ChinaLimited*"Foodstar (Shanghai) Foods Co. Ltd.
China"Foodstar Holdings Pte Ltd. SingaporeD. lpd@p%]"Lg+D !"#$%&'()*+,./0123456789:; Fundacion Heinz Venezuela!Garland BBQ Company!!Delaware"Golden Circle Limited"" Australia!#Goodwood Holdings Limited## Gibraltar2$*Guangzhou United Logistics Company Limited$
$China %H. J. Heinz Belgium S.A.%%Belgium&&H. J. Heinz Company Brands LLC&&Delaware''H. J. Heinz Global Holding B.V.''Netherlands#(H. J. Heinz Nigeria Limited((Nigeria() H.J. Heinz Asset Leasing Limited))United Kingdom*H.J. Heinz B.V.**Netherlands0+(H.J. Heinz Company (New Zealand) Limited++New Zealand,,$H.J. Heinz Company Australia Limited,, Australia"H.J. Heinz Company LimitedUnited Kingdom'.H.J. Heinz Company of Canada LP..Canada)/!H.J. Heinz Company of Canada Ltd.//Canada0H.J. Heinz CR/SR a.s.00Czech Republic(1 H.J. Heinz European Holding B.V.11Netherlands!2H.J. Heinz Finance UK PLC22United Kingdom%3H.J. Heinz Foods Spain S.L.U.3
3Spain#4H.J. Heinz Foods UK Limited44United Kingdom5H.J. Heinz France SAS55France16)H.J. Heinz Frozen & Chilled Foods Limited66United Kingdom78$9____________________________1:)Created by Morningstar Document Research.0;(http://documentresearch.morningstar.com/<v Cg7Qq*JcWK#=PF0*8X>
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30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
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Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (2)List of Subsidi (3)U }2}$ }
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Kraft Heinz Co10K
02/23/2017List of Subsidiaries
H.J. Heinz GmbH
GermanyH.J. Heinz Group B.V.NetherlandsH.J. Heinz Holding B.V.Netherlands/
'H.J. Heinz Investments Co?peratief U.A.
Netherlands#H.J. Heinz Ireland HoldingsIreland%H.J. Heinz Manufacturing Belgium BVBABelgium0(H.J. Heinz Manufacturing Ireland LimitedIreland%H.J. Heinz Manufacturing Spain S.L.U.
Spain+#H.J. Heinz Manufacturing UK LimitedUnited Kingdom!H.J. Heinz Nederland B.V.Netherlands,$H.J. Heinz Netherlands Holdings C.V.Netherlands0(H.J. Heinz Supply Chain Co?peratief U.A.Netherlands+#H.J. Heinz Supply Chain Europe B.V.Netherlands H.J. Heinz US Brands LLCDelaware0(Heinz (China) Investment Company Limited
China2*Heinz (China) Sauces & Condiments Co. Ltd.
China( Heinz Africa and Middle East FZEUnited Arab EmiratesHeinz Africa FZEUnited Arab EmiratesHeinz ASEAN Pte. Ltd. SingaporeHeinz Brasil, S.A.BrazilKraft Heinz Canada ULCCanadaHeinz Canada R&D ULCCanadaD lpd@&=RVnP !"#$%&'()*+,./0123456789:;<= Heinz Colombia SAS Colombia!Heinz Credit LLC!!Delaware"Heinz Egypt LLC"
"Egypt#Heinz Egypt Trading LLC#
#Egypt$Heinz Europe Unlimited$$United Kingdom+%#Heinz Finance (Luxembourg) S.a.r.l.%%
Luxembourg.&&Heinz Foods South Africa (Proprietary)&&South Africa'Limited(( Heinz Foreign Investment Company(
(Idaho))!Heinz Frozen & Chilled Foods B.V.))Netherlands!*Heinz Gida Anonim Sirketi**Turkey+Heinz Hong Kong Limited+
+China ,Heinz India Private Ltd.,
,India*"Heinz Investments (Cyprus) LimitedCyprus.Heinz Israel Limited..Israel/Heinz Italia S.p.A./
/Italy0Heinz Japan Ltd.0
0Japan1Heinz Korea Ltd.1
1Korea"2Heinz Mexico, S.A. de C.V.22Mexico(3 Heinz Nutrition Foundation India3
3India%4Heinz Pakistan (Pvt.) Limited44Pakistan5Heinz Panama, S.A.55Panama6Heinz Philippines66Philippines'7Heinz Produzioni Alimentari SRL7
7Italy 8Heinz Purchasing Company88Delaware9:$;____________________________1<)Created by Morningstar Document Research.0=(http://documentresearch.morningstar.com/@h DNus0c%w3e%Y=PF0*8X>
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (3)U }$4}$ }
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Kraft Heinz Co10K
02/23/2017List of Subsidiaries $
Heinz Qingdao Food Co., Ltd.
ChinaHeinz Receivables LLCDelaware/'Heinz Sales & Marketing (MALAYSIA) SDN.Malaysia
BHD.$Heinz Single Service LimitedUnited Kingdom&Heinz South Africa (Pty.) Ltd.South AfricaHeinz Thailand LimitedDelaware'Heinz Transatlantic Holding LLCDelawareHeinz UFE Ltd.
China%Heinz Vietnam Company LimitedVietnamHeinz Wattie's LimitedNew ZealandHeinz Wattie's Pty Ltd AustraliaHeinzNoble, Inc.Arizona)!Highview Atlantic Finance CompanyCayman Islands#HJH Development CorporationDelawareHJH Overseas L.L.C.DelawareHorizon UAE FZCOUnited Arab Emirates!HP Foods Holdings LimitedUnited Kingdom&HP Foods International LimitedUnited KingdomHP Foods LimitedUnited Kingdom( Hugo Canning Company Pty LimitedPapua New GuineaHZ.I.L. Ltd.IsraelD lpd@gW y.j'Q/ !"#$%&'()*+,./0123456789:;<=>? %Industria Procesadora de Alimentos de Venezuela!Barcelona C.A."Intercorp Excelle Inc.""Canada#%International Gourmet Specialties LLC##Delaware*$"International Spirits Recipes, LLC$$Delaware.%&Istituto Scotti Bassani per la Ricerca%
%Italy3&+e l'Informazione Scientifica e Nutrizionale,'$Ivanovsky Kombinat Detskogo Pitaniya''Russia(Jacobs Road Limited((Cayman Islands/)'Kaiping Guanghe Fermented Bean Curd Co.)
)China*Ltd.,+$Kaiping Weishida Seasonings Co. Ltd.+
+China#,KFG Management Services LLC,,Delaware%KFG Netherlands Holdings C.V.Netherlands(. KHFC Luxembourg Holdings S.? r.l..
Luxembourg#/Koninklijke De Ruijter B.V.//Netherlands0Kraft Canada Inc.00Canada$1Kraft Food Ingredients Corp.11Delaware$2Kraft Foods Group Brands LLC22Delaware%3Kraft Foods Group Exports LLC33Delaware4%Kraft Foods Group Netherlands Holding44Netherlands5B.V.)6!Kraft Foods Group Puerto Rico LLC66Puerto Rico"7Kraft Heinz (Barbados) SRL77Barbados!8Kraft Heinz (Ireland) Ltd88Ireland$9Kraft Heinz Argentina S.R.L.99 Argentina:%Kraft Heinz Brasil Participa??es LTDA::Brazil!;Kraft Heinz Foods Company;;Pennsylvania&<Kraft Heinz Foods Company L.P.<<Canada=>$?____________________________Dw
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dMbP?_*+%,&٭e2?'٭e2?(٭e2?)٭e2?",D/??The Kraft Heinz Company !Securities registered pursuant Table of ContentsTable of Conten (1) 1Net Sales by Product Category!Trademarks and Intellectual Pro4Executive OfficersItem 2 Properties!Item 5 Market for Registrants C!Comparison of Cumulative Total !18Issuer Purchases of Equity Se19Selected Financial DataSummary of Results Net Sales
Net Income
Diluted EPS!Year Ended December 31 2016 com!Year Ended January 3 2016 compa
Net Sales (1)27Pro Forma Net SalesOrganic Net SalesOrganic Net Sal (1)28Adjusted EBITDA
United StatesCanada
30Europe
Rest of WorldPostemployment Benefit PlansPostemployment Benefit (1)!Aggregate Contractual Obligatio!Supplemental Unaudited Pro FormSupplemental Unaudited (1)Supplemental Unaudited (2)Supplemental Unaudited (3)NonGAAP Financial MeasuresNonGAAP Financial (1)NonGAAP Financial (2)NonGAAP Financial (3)NonGAAP Financial (4)NonGAAP Financial (5)!Effect of Hypothetical 10 Fluct!Report of Independent RegistereReport of Independent (1)Report of Independent (2)Report of Independent (3)Report of Independent (4)Report of Independent (5)Transaction Overview!62Valuation Assumptions and Pur62Valuation Assumptions (1)Pro Forma Results64Integration ProgramRestructuring Activities!65Total Integration and Restruc65Total Integration and (1)Note 4 Inventories!Note 5 Property Plant and Equip
Goodwill!Indefinitelived intangible asse!Definitelived intangible assets68Note 7 Income Taxes68Note 7 Income (1)68Note 7 Income (2)68Note 7 Income (3)
Stock OptionsStock Options (1)Stock Options (2)Stock Options (3)73RSUsTotal Equity AwardsObligations and Funded StatusObligations and Funded (1)Obligations and Funded (2)Obligations and Funded (3)Obligations and Funded (4)!Components of Net Pension CostB Components of Net Pension (1)
Plan AssetsPlan Assets (1)Plan Assets (2)Plan Assets (3)Plan Assets (4)Future Benefit Payments
ObligationsObligations (1)Obligations (2)!Components of Net PostretiremenComponents of Net (1)81Future Benefit Payments!Accumulated Other ComprehensiveAccumulated Other (1)!82Note 10 Accumulated Other Com82Note 10 Accumulated (1)82Note 10 Accumulated (2)
LongTerm DebtLongTerm Debt (1)Common StockDerivative Volume!Fair Value of Derivative InstruFair Value of Derivative (1)Net Investment Hedging!91Derivative Impact on the Stat91Derivative Impact on (1) 94Leases Purchase Obligations95Note 17 Earnings Per ShareNote 18 Segment ReportingNote 18 Segment (1)Note 18 Segment (2)Note 18 Segment (3)Concentration of riskConcentration of (1)Concentration of (2)!Note 19 Quarterly Financial DatNote 19 Quarterly (1)!Note 20 Supplemental Financial Note 20 Supplemental (1)Note 20 Supplemental (2)Note 20 Supplemental (3)Note 20 Supplemental (4)Note 20 Supplemental (5)Note 20 Supplemental (6)Note 20 Supplemental (7)!Equity Compensation Plan Inform!Item 15 Exhibits and Financial Item 15 Exhibits and (1)AttorneyInFactList of SubsidiariesList of Subsidi (1)List of Subsidi (2)U }8}$ }$
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Kraft Heinz Co10K
02/23/2017List of Subsidiaries 
%Kraft Heinz Foods Luxembourg Holdings
LuxembourgS.a.r.l. Kraft Heinz Holding B.V.Netherlands,
$Kraft Heinz Intermediate Corporation
Delaware I,$Kraft Heinz Intermediate CorporationDelaware
II&Kraft Heinz International B.V.Netherlands#Kraft Heinz Receivables LLCDelawareKraft Heinz UK LimitedUnited KingdomKraft New Services LLCDelaware La Bonne Cuisine LimitedNew Zealand$Langtech Citrus Pty. Limited AustraliaLea & Perrins LimitedUnited KingdomLea & Perrins LLCDelawareLLC HeinzGeorgievskRussiaMaster Chef LimitedNew ZealandMILKSUN, spol. s.r.o.Slovakia%Nanjing Jilun Seasoning Products Pte.
ChinaLtd.*"Nature's Delicious Foods Group LLCDelaware'Noble Insurance Company LimitedIrelandDlpd@B5Cr)g% !"#$%&'()*+,./0123456789
O.R.A. LLC
California !P.T. Heinz ABC Indonesia!! Indonesia#"PetroproductOtradnoye Ltd.""Russia%#Phenix Management Corporation##Delaware$PPK Ltd.$$Russia%ProShare Limited%%United Kingdom&Pudliszki Sp. Z.O.O.&&Poland"'Renee's Gourmet Foods Inc.''Canada( RINC Ltd.((Israel)Seven Seas Foods, Inc.))Delaware*
Sewickley LLC**Delaware7+/The Kraft Heinz Company Foundation (nonprofit)++Illinois ,Thompson & Hills Limited,,New Zealand
TNCOR Ltd.Israel!.Top Taste Company Limited..New Zealand+/#Tsai Weng Ping Incorporated Limited//British Virgin Islands0Mealtime Stories, LLC00Delaware1Vict. Th. Engwall LLC11Delaware)2!Weishida (Nanjing) Foods Co. Ltd.2
2China3Wexford LLC33Delaware4
WW Foods, LLC44Delaware56$7____________________________18)Created by Morningstar Document Research.09(http://documentresearch.morningstar.com/8>BPz2S Y=PF0*8X>
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